Robert Brooks
Analyst, Northland Capital Markets
Replay available
Richardson Electronics, Ltd. (RELL) Q1 2026 Earnings Call
Richardson Electronics, Ltd. (NASDAQ: RELL) Q1 2026 earnings conference call, held 2025-10-09. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:05.237 Greg, and good morning, everyone. Canvas engineers, manufacturers, and sales custom displays 00:00:05.237 -- 00:00:10.203 to original equipment manufacturers across global industrial and medical markets. 00:00:10.203 -- 00:00:14.988 It is our mission to deliver high-quality display solutions tailored to our customers' 00:00:14.988 -- 00:00:16.390 needs. 00:00:16.390 -- 00:00:21.175 Canvas reported revenue of $8.3 million in the first quarter of fiscal year 2026, an 00:00:21.175 -- 00:00:27.352 increase from $7.6 million in the same quarter of the previous year. 00:00:27.352 -- 00:00:32.397 Our gross margin as a percentage of net sales decreased to 30.9% 00:00:32.397 -- 00:00:34.500 from 34.3% 00:00:34.500 -- 00:00:39.765 in the first quarter of fiscal year 25, primarily due to product mix and higher inbound 00:00:39.765 -- 00:00:41.868 freight costs. 00:00:41.868 -- 00:00:47.594 The backlog at the end of the first quarter of fiscal 2026 remains strong at 38.4 00:00:47.594 -- 00:00:52.360 million, providing a robust foundation for future business. 00:00:52.360 -- 00:00:57.226 During this most recent quarter, Canvas secured orders from both repeat and new medical 00:00:57.226 -- 00:01:00.430 OEM customers for a range of applications. 00:01:00.430 -- 00:01:05.777 Our primary focus remains on robotic-assisted surgery, navigation, endoscopy, and 00:01:05.777 -- 00:01:10.082 human-machine interface solutions for the control of medical devices. 00:01:10.082 -- 00:01:15.949 Furthermore, our solutions are widely utilized in various commercial and industrial applications. 00:01:15.949 -- 00:01:20.635 For instance, our products enhance passenger information systems in trains and buses 00:01:20.635 -- 00:01:25.728 and improve HMI technologies ...